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By admin 2018-06-18

Oil palm attains maturity in three to four years to start giving yield. The plantation is lucrative because each tonne of fresh fruit bunches will be worth ₹10,000. The trees also consume less water when compared to food crops, including rice. “Paddy needs 60,000 litres of water per day to irrigate one acre of land when compared to oil palm which requires 10,000 litres of land per acre. Each acre can have 50 palm trees, thereby making its cultivation water efficient,” Commissioner of Horticulture and Sericulture L. Venkatram Reddy said.To encourage farmers to invest in oil palm plantation, the state will offer 50% subsidy on costs for the first four years during which the trees will attain maturity. During these years, farmers can also plant inter-crops including vegetables or spices like turmeric.